Bridgetown 2 Holdings Limited (“Bridgetown 2” or the “Company”)
(NASDAQ: BTNB) today announced that Bridgetown 2 shareholders
overwhelmingly approved the previously announced business
combination (“Business Combination”) with PropertyGuru Pte. Ltd.
(“PropertyGuru”), Southeast Asia’s leading property technology
company, at an extraordinary meeting of shareholders today.
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the full release here:
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Shareholder redemptions were 59.3%. Complete official results of
the vote and shareholder redemption will be included in a Current
Report on Form 8-K to be filed by Bridgetown 2 with the Securities
and Exchange Commission (the “SEC”).
As previously disclosed, the transaction is expected to close
March 17, 2022, subject to the satisfaction or waiver of customary
closing conditions. Following the close of the business
combination, PropertyGuru’s ordinary shares are expected to begin
trading on the New York Stock Exchange on March 18, 2022 under the
ticker symbol “PGRU.”
About PropertyGuru Group
PropertyGuru Group is Southeast Asia’s leading property
technology company1, and the preferred destination for over 522
million property seekers to find their dream home, every month.
PropertyGuru and its group companies empower property seekers with
more than 3.3 million real estate listings3, in-depth insights, and
solutions that enable them to make confident property decisions
across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.
PropertyGuru.com.sg was launched in 2007 and has helped to drive
the Singapore property market online and has made property search
transparent for the property seeker. Over the decade, the Group has
grown into a high-growth technology company with a robust portfolio
of leading property portals across its core markets; award-winning
mobile apps; a high quality developer sales enablement platform,
PropertyGuru FastKey (https://www.propertygurugroup.com/fastkey/);
mortgage marketplace PropertyGuru Finance
(https://www.propertyguru.com.sg/mortgage/home-loan); and a host of
other property offerings including Awards
(https://www.asiapropertyawards.com/en/), events and publications
across Asia.
For more information, please visit:
https://www.propertygurugroup.com/;
https://www.linkedin.com/company/propertyguru/
About Bridgetown 2 Holdings
Bridgetown 2 Holdings Limited is a blank check company
incorporated for the purpose of effecting a merger, share exchange,
asset acquisition, share purchase, reorganization or similar
business combination with one or more businesses, with a focus on
technology, financial services, or media sectors in Southeast Asia.
The company is formed by Pacific Century Group and Thiel Capital,
led by Chief Executive Officer and Chief Financial Officer, Daniel
Wong, and Chairman Matt Danzeisen.
For more information, please visit
https://www.bridgetownholdings.co/
IMPORTANT LEGAL INFORMATION
Forward-Looking Statements
This document includes “forward-looking statements” within the
meaning of the federal securities laws with respect to the proposed
transaction between PropertyGuru Group Limited (“PubCo”),
PropertyGuru and Bridgetown 2 and regarding PropertyGuru’s future
business expectations which involve risks and uncertainties. All
statements other than statements of historical fact contained in
this document, including, but not limited to, statements as to
future results of operations and financial position, planned
products and services, business strategy and plans, objectives of
management for future operations of PropertyGuru, market size and
growth opportunities, competitive position, technological and
market trends and the potential benefits and expectations related
to the terms and timing of the proposed transactions, are
forward-looking statements. Some of these forward-looking
statements can be identified by the use of forward-looking words,
including “anticipate,” “expect,” “suggests,” “plan,” “believe,”
“intend,” “estimates,” “targets,” “projects,” “should,” “could,”
“would,” “may,” “will,” “forecast” or other similar expressions.
All forward-looking statements are based upon estimates and
forecasts and reflect the views, assumptions, expectations, and
opinions of Bridgetown 2 and PropertyGuru, which are all subject to
change due to various factors including, without limitation,
changes in general economic conditions as a result of COVID-19. Any
such estimates, assumptions, expectations, forecasts, views or
opinions, whether or not identified in this document, should be
regarded as indicative, preliminary and for illustrative purposes
only and should not be relied upon as being necessarily indicative
of future results.
The forward-looking statements contained in this document are
subject to a number of factors, risks and uncertainties, some of
which are not currently known to PropertyGuru or Bridgetown 2. You
should carefully consider the foregoing factors and the other risks
and uncertainties described in the “Risk Factors” section of
PubCo’s registration statement on Form F-4, the proxy statement/
prospectus therein, Bridgetown 2’s Quarterly Report on Form 10-Q
and other documents filed by PubCo or Bridgetown 2 from time to
time with the U.S. Securities and Exchange Commission.
These filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
In addition, there may be additional risks that neither Bridgetown
2 nor PropertyGuru presently know, or that Bridgetown 2 or
PropertyGuru currently believe are immaterial, that could also
cause actual results to differ from those contained in the
forward-looking statements. Forward-looking statements reflect
Bridgetown 2’s and PropertyGuru’s expectations, plans, projections
or forecasts of future events and view. If any of the risks
materialize or Bridgetown 2’s or PropertyGuru’s assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements.
Forward-looking statements speak only as of the date they are
made. Bridgetown 2 and PropertyGuru anticipate that subsequent
events and developments may cause their assessments to change.
However, while PubCo, Bridgetown 2 and PropertyGuru may elect to
update these forward-looking statements at some point in the
future, PubCo, Bridgetown 2 and PropertyGuru specifically disclaim
any obligation to do so, except as required by law. The inclusion
of any statement in this document does not constitute an admission
by PropertyGuru nor Bridgetown 2 or any other person that the
events or circumstances described in such statement are material.
These forward-looking statements should not be relied upon as
representing Bridgetown 2’s or PropertyGuru’s assessments as of any
date subsequent to the date of this document. Accordingly, undue
reliance should not be placed upon the forward-looking statements.
In addition, the analyses of PropertyGuru and Bridgetown 2
contained herein are not, and do not purport to be, appraisals of
the securities, assets or business of PropertyGuru, Bridgetown 2 or
any other entity.
1 In terms of relative engagement market share based on
SimilarWeb data and as of June 30, 2021. 2 Based on Google
Analytics data. 3 As of June 30, 2021.
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version on businesswire.com: https://www.businesswire.com/news/home/20220315006358/en/
For PropertyGuru: Media
Sheena Chopra sheena@propertyguru.com.sg +65 9247 5651 Sard
Verbinnen & Co Ron Low and Jay Qin – Asia Liz Zale and Chloe
Clifford – U.S. PropertyGuru-SVC@sardverb.com Investor PropertyGuru Group Investor Relations
investors@propertyguru.com The Blueshirt Group Chris Hollenbeck
propertyguru@blueshirtgroup.com For Bridgetown 2 Holdings
Pansy Poon +852 6609 8565 Pansy.yt.poon@pcg-group.com Karin Wong
+852 9755 6265 Karin.Wong@pcg-group.com
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